Based on the WindPACT-3MW wind turbine tower commonly used in wind power engineering, a finite element model (FEM) of a hybrid wind turbine tower combining an upper steel tube with a lower steel truss is designed and established. On this basis, a static optimization analysis, wind-induced vibration analysis, and fatigue life analysis of the hybrid tower structure are performed. The results show that under the same design parameters, the overall stiffness and static bearing capacity of the tower structure can be significantly improved by using subdivided truss webs, increasing the truss height as much as possible and increasing the width of the truss base appropriately. Under normal operation conditions, the response of the tower structure in the along-wind direction is significantly greater than the response in the crosswind direction, indicating that the aerodynamic thrust generated by the rotation of the blades is the main factor causing the wind-induced vibration of the tower structure. For the tower structure analyzed in this study, when considering the entire range of wind speeds from the cut-in wind speed to the cut-out wind speed, the fatigue life of the structure is 38.5 years.